Late SOFR/Treasury Option Roundup: Better Puts on Net

Better put trade drove option volume Monday after more mixed trade overnight. Overall volumes, however, were muted as underlying futures see-sawed higher in narrow range. Puts picked up after a mixed open, accounts fading the modest rally in underlying futures through the second half.

• SOFR Options:
  • Block, 8,000 SFRZ3 94.37/94.50 put spds, 6.5 vs. 94.615/0.10%
  • Update, over 19,000 SFRU3 94.00 puts, 0.5 last ref 94.59
  • +6,000 SFRH4 94.25/95.00 2x1 put spds, 26.0
  • Block, 5,000 SFRU3 94.37/94.50/94.62, 4.0 ref 94.59
  • -10,000 SFRU3 94.75/95.00/95.25 put flys, 1.0
  • Block, 5,500 SFRH4 96.00/96.75/97.50 call flys, 3.5 net ref 94.86
  • Block, 5,000 SFRH4 95.50/96.00/96.37 broken call flys, 3.5 net ref 94.845
  • 2,000 SFRU3 94.00 puts, 0.5
  • 2,500 SFRU3 94.50 puts
  • 1,000 2QU3 96.75/97.00 call spds ref 96.205
• Treasury Options:
  • over 30,000 wk2 10Y 111.75/112.75 call spds, 11 net ref 111-05.5
  • 4,000 FVQ3 105.25 puts, 4.5 ref 106-21.25
  • 2,500 TYV3 109/114 strangles ref 111-22
  • +2,000 TYQ3 108 puts, 3 ref 110-28/0.08%
  • over 9,800 TYQ3 110.5 puts, 41 last ref 110-19.5
  • 2,700 USU3 116/117/120/121 put condors ref 123-02
  • 3,300 FVV3 108 calls
  • 5,000 TYQ3 109.75/110.5 put spds vs. TYQ3 111.25 calls, even net ref 110-15
  • 1,650 TYQ3 108.5/109 put spds, 4
  • 1,500 TYQ3 108 puts, 4
  • 1,000 USU3 125/128/131 call flys